Today Iâm going to show you even more explicitly and exactly, when to buy and when to sell trading Forex, crypto, or any other equity. Notice that if you ever put some time into learning how to trade, one of the things that you would discover is that there are vast differences of opinion about why you would enter a trade when you would enter a trade. As well as, why when would you exit a trade and why would you exit.
The differences can be extreme and our job is to find out whatâs true about the behavior of financial market patterns. So how would we do that by looking at charts? And even though this is what I would always say, most people donât believe that they can look at a chart and trade based on seeing the shapes and patterns on the chart, and because they donât believe it, itâs just blocked out of their mind.
Itâs known that traders trade their beliefs. This is why itâs so important to learn how to program your beliefs. I can show you that itâs true that most people donât believe that they can trade based on seeing the charts, but they believe that in order to trade they would need to have some mathematics. They would need to have some algorithms. They would need to have some software or some kind of an indicator.
People tend to look at lines of horizontal or diagonal lines and thatâs how you trade. They donât know that you could trade based on seeing the actual shape of the patterns. Because they donât believe that, itâs just blocked out of their mind.
You can see how dramatic peopleâs beliefs are in such things as when you watch an NLP master like Darren Brown, demonstrate how a person who used to know the color of their car, now they canât recognize the color of their car because of something that happened inside their mind according to their beliefs about the color.
Once you see that demonstrated you can recognize that what people believe is very important. So if you donât believe that you can trade based on the visual recognition of the shapes that are on the charts, you will block it out of your mind.
Now letâs take a look at what markets actually do and youâll see this is scientifically true. Whatâs true about markets and what do they actually do? Is there something that can be known and seen to be true? Something that can visually be recognized? Something that would tell us if the market is turning, or if itâs going to continue? Well this can be proven by the fact that itâs recorded on your charts and on all charts. So once you can see it, then you would say, âThis is true!â
Because you can see it on all charts and you can test it. You can see it in forward testing results and back testing. This has been doing this phenomenon virtually forever.
One of the first recognitions that a person needs to have is that in financial markets, there is clearly recognizable impulsive price action followed by corrective price action. If you donât know that, if you havenât seen it, I can help you to see it on charts. Itâs on every chart. So once you have this realization then you would realize that if you could enter at the end of a correction or if you knew how to identify the end of a trend (try not to block it out of your mind. See it on the chart) you would be able to see that you could get high probability in your trading. Know when you could enter and you could exit.
So the bottom line is, when would you enter a trade? Consider entering right at the end of a correction and be able to identify that. When would you exit a trade? Right at the end of a trend and make sure that you know how you would be able to identify that. And how you would be able to identify that a trend has not ended? How could you identify that a correction has not ended? Is there a specific point that you could learn to recognize?
So notice when you look at this picture right here on this chart, this is another perfect example of the classic shape of a trend. I show this all the time and people say, âI donât know what a recognizable â what are you talking about? But if you know what the letter âaâ is or the letter âbâ is, then how would you not be able to see this shape right here? You would. Youâd have to be able to see it unless you blocked it out. So if youâre not blocking it out you must be able to see that. And that is a classic shape that trends commonly make.
This is a classic perfect shape of an ABC correction. A âBâ one two three four five of C turning at 61.8 percent. Could you recognize that just one time? Did it form that just one time or does it do it all the time? Could this be something that you could recognize visually on a chart? If you could do that you could get a lot of profit and have high probability. Itâs something right on the chart and you can see it. You donât need something to tell you about that. You see it. And thatâs what people donât want because itâs believed that information is forbidden. Youâre not authorized to see these things. In fact, a lot of people believe, âOnly banks can see that.â âOnly a bank can see that.â or âOnly banks can trade in a way that can get profit. A regular person couldnât do that.â Thatâs the limiting belief that causes people to block it out of their mind.
A lot of people would look at this and they would say, âI tried that Elliott Wave stuff that stuff doesnât work.â If you hear that, you know that youâre talking to someone who is blind. They are ignorant. Consequently, itâs excellent when I hear people say that Elliott Wave doesnât work. Because then I know this person is blind and theyâre ignorant. Because I see it on charts and I know whatâs on there. You could say, âNo thatâs not on there.â Iâll still know that. Itâs on there. So if you are that insecure that you if someone tells you itâs not on there you just go, âOkay thatâs not on there.â If you can see it, itâs on there. And if youâre confident that youâre able to see things yourself, you donât need anyoneâs opinion. You donât need anyoneâs approval for you to see that.
Some people would say âNo. Thereâs no Elliott Wave on there. Thatâs Wolf Wave.â
Or, âNo. Thereâs no Elliott Wave thatâs chaos theory.â
âNo thereâs no Elliott Wave. Thatâs a harmonic pattern right there.
âThereâs no Elliott Wave on that chart. Thatâs the Shubert wave. You know what? It doesnât matter what the hell you call it. Itâs still doing the same thing.
So if itâs not making an Elliott wave pattern, show me what it is making. I know what itâs making and I see it. If you say itâs not making Elliott Wave youâre blind. Thatâs whatâs so important. A few people in the world can have enough confidence that they can see things on charts and trade as a result of it. And it doesnât matter what you call it, itâs still doing the same thing.
So if you can trade itâs because you see what the market is doing. If itâs not making Elliott Wave patterns, show me what it is making and trade based on that.
Now what some people might discover is they could look at that and say, â Well I do see some patterns, but there are places where I donât see patterns, or maybe the patterns donât make sense.â And if that were the case, youâve made a major breakthrough and youâre ready for the next step. The next step is that there are additional steps. So if you just happen to pull up one chart of one currency pair on a random time frame that you chose and you donât see a perfect chart in a series of nothing but clear patterns, there are additional steps to open it up so you can see more of it and get more out of the pictures.
So that you can read it like a road map and trade based on what you know to be true. If this is fascinating to you and youâd like to see how this is done, just join us in our live sessions every day. This is exactly what weâll do is weâll be identifying the end of a trend and the end of a correction. Youâll be able to see it. And the only result would be that your skill would have to improve and refine more and more. So your probability would go up and up.
Watch the full video here: